chapter 10 small residential income property

Question 1

A two-story building that contains 4 units measures 22 feet by 61 feet. Two of the units have 650 square feet of GLA each, and the other two units have 550 square feet of GLA each. What is the GBA for this building?
2,684
1,302
2,220
2,592

Answer 1

2,684

Question 2

A two-unit building measures 42 feet by 60 feet. There is an additional efficiency living unit in the basement, with 450 square feet. What is the GBA of this property?
2,520
2,970
2,070
3,420

Answer 2

2,970

Question 3

"Total area of finished, above-grade residential space; calculated by measuring the outside perimeter of the structure and includes only finished, habitable, above-grade living space" is the definition of \_\_\_\_\_\_\_.
Gross Living Area
Gross Building Area
Cubic Feet
Net Rentable Area

Answer 3

gross living area

Question 4

The GBA of a multi-unit building is always equal to the sum of the GLAs of the individual rental units.
True
False

Answer 4

false

Question 5

A two-story building that contains 3 units measures 28 feet by 43 feet. Two of the units have 800 square feet of GLA each, and the other unit has 650 square feet of GLA. What is the GBA for this building?
1,600
2,408
1,283
2,220

Answer 5

2,408

28 x 43 = answer x 2 (two-story building)